No Bar On Corporate Debtor From Contesting Application U/S 9 Of IBC Even If No Reply Is Given To Demand Notice Issued U/S 8: NCLAT

The NCLAT ruled that there is no bar on a corporate debtor from contesting an application under Section 9 of the IBC, even if no reply is given to a demand notice issued under Section 8. This ensures that corporate debtors have the opportunity to defend themselves in insolvency proceedings. It upholds the principles of natural justice.